D1 Capital Partners L.P. Takes $92.65 Million Position in Vistra Corp. (NYSE:VST)

D1 Capital Partners L.P. purchased a new position in shares of Vistra Corp. (NYSE:VST - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 672,000 shares of the company's stock, valued at approximately $92,649,000. Vistra accounts for about 1.5% of D1 Capital Partners L.P.'s portfolio, making the stock its 23rd biggest holding. D1 Capital Partners L.P. owned about 0.20% of Vistra at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VST. Avior Wealth Management LLC boosted its holdings in Vistra by 56.5% in the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company's stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Pathway Financial Advisers LLC boosted its stake in shares of Vistra by 616.0% in the fourth quarter. Pathway Financial Advisers LLC now owns 179 shares of the company's stock worth $25,000 after buying an additional 154 shares during the last quarter. Founders Capital Management acquired a new stake in Vistra during the fourth quarter worth about $28,000. West Branch Capital LLC acquired a new stake in Vistra during the fourth quarter worth about $28,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in Vistra during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.88% of the company's stock.

Vistra Price Performance

Shares of NYSE:VST traded up $0.39 during trading on Monday, reaching $127.03. The stock had a trading volume of 2,055,691 shares, compared to its average volume of 7,892,343. The business has a fifty day moving average price of $122.87 and a 200-day moving average price of $140.86. Vistra Corp. has a 1-year low of $66.50 and a 1-year high of $199.84. The company has a debt-to-equity ratio of 4.68, a quick ratio of 0.99 and a current ratio of 1.11. The stock has a market cap of $43.21 billion, a PE ratio of 23.61, a PEG ratio of 1.12 and a beta of 1.21.

Vistra Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 20th were issued a dividend of $0.2235 per share. This is a positive change from Vistra's previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 0.70%. Vistra's dividend payout ratio is presently 12.62%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VST shares. UBS Group dropped their price objective on shares of Vistra from $174.00 to $154.00 and set a "buy" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets lifted their price objective on shares of Vistra from $151.00 to $191.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Evercore ISI began coverage on shares of Vistra in a research note on Tuesday, January 21st. They set an "outperform" rating and a $202.00 target price on the stock. JPMorgan Chase & Co. cut their price target on Vistra from $203.00 to $186.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Finally, Daiwa Capital Markets initiated coverage on Vistra in a report on Wednesday, March 5th. They issued a "neutral" rating and a $120.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $166.17.

Insider Transactions at Vistra

In other Vistra news, Director John William Pitesa bought 1,500 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $126.75 per share, with a total value of $190,125.00. Following the purchase, the director now directly owns 3,467 shares of the company's stock, valued at $439,442.25. This trade represents a 76.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Paul M. Barbas sold 24,136 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $124.19, for a total value of $2,997,449.84. Following the transaction, the director now owns 51,063 shares in the company, valued at approximately $6,341,513.97. This represents a 32.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

About Vistra

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.